Marks & Spencer Clothes Sales Drop Again as Gains Elude Bolland

Marks & Spencer's ladies campaign | Source: Marks & Spencer

LONDON, United Kingdom — Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, reported a 12th straight quarterly drop in non-food sales as Chief Executive Officer Marc Bolland struggles to turn around the company’s fortunes.

…Continue Reading

M&S Loses More Market Share as Price Gap With Rivals Widens

Marks & Spencer's ladies campaign | Source: Marks & Spencer

LONDON, United Kingdom — Marks & Spencer Group Plc was the only major clothing retailer to lose U.K. sales and market share in the six months through mid-May and the price gap with rivals widened, according to Sanford C. Bernstein.

…Continue Reading

E-commerce Edge Helps British Retailers Expand Abroad

Source: Reuters

BERLIN, Germany — Marks & Spencer Plc is making a new push to expand abroad, hoping e-commerce will give Britain's biggest clothing retailer a better chance to succeed than earlier attempts to enter new markets. It is one of several retailers that are using expertise developed in the UK's fast-growing e-commerce market to expand overseas.

…Continue Reading

Next Profit Gains as U.K. Retailer Surpasses M&S for First Time

Joan Smalls in Next's SS2014 lookbook | Source: Next

LONDON, United Kingdom — Next Plc, the U.K.’s second-largest clothing retailer, reported a 12 percent increase in full-year earnings, making more money than Marks & Spencer Group Plc for the first time in the brand’s 32-year history.

…Continue Reading